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bob corker the u.s. senator said this is just for show, this is purely optics, the president is not sincere. what do you think? >> well this is not for show, this is a last-ditch effort by the president to bring the congressional leaders together to try and get at least a small package, a small deal together before the new year to avoid some of the tax parts of the fiscal cliff, and to deal with some of the unemployment issues. so, the president is very determined to try and do it, as you know, the house of representatives packed up its bags and went home. they are not even coming back until sunday night even though the clock is ticking. gregg: you call it a small deal. don't americans deserve something more than a small deal from what is arguably small politician stph-s. politicians? >> well when i say a small deal i don't mean an unimportant deal especially in fact as you've been reporting on january 1st people's taxes will start to go up, a big tax hike for middle class americans and others. the bill
bob corker the u.s. senator said this is just for show, this is purely optics, the president is not sincere. what do you think? >> well this is not for show, this is a last-ditch effort by the president to bring the congressional leaders together to try and get at least a small package, a small deal together before the new year to avoid some of the tax parts of the fiscal cliff, and to deal with some of the unemployment issues. so, the president is very determined to try and do it, as you...
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Dec 28, 2012
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bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. . >>> another day, another step closer to the edge. talking about the fiscal cliff, of course. how are traders protecting themselves from the worst? let's find out from brian stoutman, an expert in hedging your portfolio against volatility. brian, good to have you with us. how are traders like yourself looking to protect themselves? >> well, certainly midday we saw options traders in the pit buying protection against their portfolio or shorting the market by buying some puts. what they did is went into the spiders, and we saw a purchase of about 5,000 puts of the 141 strength for 2.35. these options expire in two weeks so they are weekly type options and saw a lot of activity. the vix spiked extremely hard in
bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. . >>> another day, another step closer to the edge. talking about the fiscal cliff, of course. how are traders protecting themselves from the worst? let's find...
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then bob woodward came out and said, yes, you did. you know, both a top aide said that you guys came up with this idea of the white house. look in the mirror, right. >> that's exactly right. a lot of people on wall street and in the media are saying just don't do it, don't go over the cliff. you know, and then that shows a we that we still have a 16 trillion-dollar national debt. so when the world are we going to get serious about what the american people say they want, which is reduction in the debt so that we don't become a country that looks like greece. [talking over each other] gregg: capitol hill and pennsylvania avenue, maybe they just think 16 trillion, 25 trillion, who cares. maybe they don't think it has a depressive effect on economic growth, and soaking up the credit markets, which women's businesses. >> that's exactly right. we don't have to wonder what this will go by. all we have to do is look over the pond and see what's happening in countries like greece and italy and spain and ireland have these massive debt. now we
then bob woodward came out and said, yes, you did. you know, both a top aide said that you guys came up with this idea of the white house. look in the mirror, right. >> that's exactly right. a lot of people on wall street and in the media are saying just don't do it, don't go over the cliff. you know, and then that shows a we that we still have a 16 trillion-dollar national debt. so when the world are we going to get serious about what the american people say they want, which is reduction...
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i wasn't being funny, bob. i know. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mississippi. you mean alabama. say louisiana or there's no dessert. this invitation is brought to you by bp and all of us who call the gulf home. >>> a number ofec perts are saying small businesses will get hit the worst if
i wasn't being funny, bob. i know. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone...
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we'll ask republican senator bob corker if a deal is likely and tell you how no deal could significantly impact everything from the price of milk to the price of gas. >>> we also look back at the life and legacy of general norman schwarzkopf. and a double agent tells us how facebook was used to infiltrate al qaeda. >>> but we begin this morning with today's "eye opener," your world in 90 seconds. >>> the house and republican have left town. the negotiations between the president and speaker have fallen apart. you can't legislate with yourself. >>> republicans have bent over backward. we wanted an agreement, but we had no takers. >> washington scrambles to avert the fiscal cliff. >>> president obama has asked the congressional leaders to meet at the white house today. >> if they cannot reach a deal, the economists warn that could trigger another recession. >> are they going to avoid a fiscal cliff, eric? [ laughter ] as stormin' norman has died. he commanded the u.s.-led international coalition and forced saddam hussein's forces out of kuwait. >>> some of the same states are bracing for y
we'll ask republican senator bob corker if a deal is likely and tell you how no deal could significantly impact everything from the price of milk to the price of gas. >>> we also look back at the life and legacy of general norman schwarzkopf. and a double agent tells us how facebook was used to infiltrate al qaeda. >>> but we begin this morning with today's "eye opener," your world in 90 seconds. >>> the house and republican have left town. the negotiations...
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Dec 28, 2012
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don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. zwroo you can see there's some action. getting to see some traffic th
don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. let'for an idea.s - a grand idea called america. the idea that if you work...
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bob scales on the phone with us now. general scales you wrote a book called certain victory and you have a lot of knowledge of the history of the iraq war but personal knowledge with this man. you call him truly the first great american hero after vietnam. your thoughts? >> that is exactly right, harris. remember, i come from the same generation as general schwarzkopf and the vector was the vindication of my generation report vietnam generation because it was our first great military victory after defeat in vietnam and he took that personally. i knew general schwarzkopf well, going back to his time as a major in the pentagon. he also carried in his sack this rock that had the sigma that went with the defeat in vietnam. when defeated the iraqi military in the plains of iraq, when was able to do that one of the first things he said at the truce tent was this is a vindication for my generation, harris. so detail on his life, general scales, many people may not know. he was born in trenton, new jersey. in fact, his father fo
bob scales on the phone with us now. general scales you wrote a book called certain victory and you have a lot of knowledge of the history of the iraq war but personal knowledge with this man. you call him truly the first great american hero after vietnam. your thoughts? >> that is exactly right, harris. remember, i come from the same generation as general schwarzkopf and the vector was the vindication of my generation report vietnam generation because it was our first great military...
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we did, bob. we did. got it. >>> well, washington's division and dysfunction threatened our economic recovery, some american cities are working their way back after decades of tough times. recently, i traveled to youngstown, ohio, and caught a glimpse of hope deep in the rust belt. >> this is your father's first restaurant? >> the first one. >> what street was it, do you remember? >> wick avenue. >> wick avenue. >> my grandmother's lived in youngstown, ohio, for more than 95 years. >> yes, i've seen it in many different phases. my grandfather came here from greece. he opened a restaurant, the american dream. >> but he taught himself english. he taught himself to read the newspaper, and he became a very successful businessman. as he would say, only in america. youngstown was prosperous, and downtown youngstown was really prosperous. it was wonderful to go to downtown youngstown and be all dressed up in gloves and hat and going in and out of the shops and having lunch downtown. it was exciting. >> but that
we did, bob. we did. got it. >>> well, washington's division and dysfunction threatened our economic recovery, some american cities are working their way back after decades of tough times. recently, i traveled to youngstown, ohio, and caught a glimpse of hope deep in the rust belt. >> this is your father's first restaurant? >> the first one. >> what street was it, do you remember? >> wick avenue. >> wick avenue. >> my grandmother's lived in...
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. >> bob coaching, right. >> the $1 trillion debt ceiling raised for $1 trillion of spending cuts, i think that's pretty good. i know we've heard it before. senator corker talked on the santelli exchange with me a week ago about it, but everyone is thinking about the debt ceiling, and i think that's where the meat is going to be, and the next three charts that we're showing are from august 5th of 2011 when s&p took away our aaa rating, and no matter how people remember it, the markets certainly didn't remember it at all. it didn't slow down the rally in the dollar, the stocks or any of the trade in the fixed income markets with yields dropping. >> we were talking about that issue on "street signs," rick. talking about andy brenner. the markets after a quick knee neck reaction kind of shrugged it off, right? >> i don't even remember. that's why i put it up. i heard andrew. i don't even remember a quick reaction the other way. it was totally ignored, and in some ways in stocks it was actually off to the markets. >> do you think the markets will be able to shrug it off again if it happe
. >> bob coaching, right. >> the $1 trillion debt ceiling raised for $1 trillion of spending cuts, i think that's pretty good. i know we've heard it before. senator corker talked on the santelli exchange with me a week ago about it, but everyone is thinking about the debt ceiling, and i think that's where the meat is going to be, and the next three charts that we're showing are from august 5th of 2011 when s&p took away our aaa rating, and no matter how people remember it, the...
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for "cbs this morning," bob orr in washington. >> schwarzkopf's former boss is likely to be hospitalized for a while according to the top aide. the 41st president is in intensive care at houston's methodist hospital being treated for a persistent fever. this morning his condition remains guarded but mr. bush's chief of staff, jean becker says we should "put the harpz back in the closet" meaning he's sick but not that sick. >>> the powerful winter storm that caused trouble across the country is finally moving out, left parts of western new york and pennsylvania with a foot or more of snow yesterday. meanwhile more than 135,000 homes and businesses in arkansas remain without power, three days after the storm dumped heavy snow on that area. at least 16 deaths around the country are blamed on that storm. >>> meteorologist jeff girardelli says more winter weather is headed to the northeast but not as bad. >> the storm is not as bad but the difference is that the snow will be closer to the coast around new york city and also in philadelphia. first thing is first, let's talk about what's happen
for "cbs this morning," bob orr in washington. >> schwarzkopf's former boss is likely to be hospitalized for a while according to the top aide. the 41st president is in intensive care at houston's methodist hospital being treated for a persistent fever. this morning his condition remains guarded but mr. bush's chief of staff, jean becker says we should "put the harpz back in the closet" meaning he's sick but not that sick. >>> the powerful winter storm that...
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i wasn't being funny, bob. i know. it's an awesome responsibility. i know right now i have the lives of over 150,000 americans, men and women, in my hands. i don't want to make a mistake. but i'm human, and i recognize that i might. and i worry about that. regardless of the outcome, when this whole thing is over, i can still say to myself, you can gave it your best shot, then that's got to be enough. >> morning. it's 8:00 a.m. on the east coast. 5:00 a.m. on the west coast as you take a look at new york city. back with us on set, brian sullivan. fortune magazine's leigh gallagher, reverend al sharpton, and richard wolffe in washington. obviously, that was general norman schwarzkopf on the screen who passed away yesterday. i have a lasting memory of general schwarzkopf who served in the war in vietnam as well as obviously gulf storm i. there was a woman from iowa, her name was peg mullan. she wrote a book about the death of her son, michael mullen. the name of the book was "friendly fire." and norman schwarzkopf was the battalion commander, then a ker
i wasn't being funny, bob. i know. it's an awesome responsibility. i know right now i have the lives of over 150,000 americans, men and women, in my hands. i don't want to make a mistake. but i'm human, and i recognize that i might. and i worry about that. regardless of the outcome, when this whole thing is over, i can still say to myself, you can gave it your best shot, then that's got to be enough. >> morning. it's 8:00 a.m. on the east coast. 5:00 a.m. on the west coast as you take a...
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bob. [applause] hello -- >> hello. i own an embroidery franchise out in herndon, va., and we work for small businesses, schools, corporations. i'm happy to be here today to talk to you about the fiscal cliff and how it might affect my business. i am mostly optimistic about our economy in the future, i have grave concerns about what is going on in congress and the potential fiscal cliff we are facing and the elimination of the tax cuts. a lot of the small business owners i talked to and know are in favor of keeping the tax cuts in place especially for the middle class. we believe in balanced approach and we think it's ok to allow the elimination of the tax cuts for the wealthy. as taxes increase, the taxes at my business will be effected and i will have less to pay for investments and new equipment, hiring new people, but personally my income tax rates will go up. it's already a financially constrained environment. but customers tax rates will go up creating less demand for my products and less revenue for me and less t
bob. [applause] hello -- >> hello. i own an embroidery franchise out in herndon, va., and we work for small businesses, schools, corporations. i'm happy to be here today to talk to you about the fiscal cliff and how it might affect my business. i am mostly optimistic about our economy in the future, i have grave concerns about what is going on in congress and the potential fiscal cliff we are facing and the elimination of the tax cuts. a lot of the small business owners i talked to and...
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we did, bob. we did. got it. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> welcome back to "squawk on the street." a little bit of breaking news here regarding a potential strike at the ports. the parties have reached an agreement here. this is according to the deputy director for mediation services. it looks like it is going to be an additional extension of 30 days to work on some of the issues that they're dealing with. the container royalty payment was really the issue at stake. that has been agreed upon in principle by the parties subject to achieving an overall collective bargaining agreement. it looks like we'll have
we did, bob. we did. got it. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind....
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>> eric: this is an ohio reporter for good morning, cincinnati, bob herzog, holds dance party friday every week on the extra mile. nome to give traffic updates, but certainly to entertain as well. he's doing a good job. >> kelly: i sense someone is going to pick that up and run with it. >> juliet: oh, yeah. he's all over the internet. i followed him on twitter. all righty. so i'm not going to sing to this because it's a serious story. this is the storm we're talk being that killed 16 people so far. it's moving up into the canadian area. canceled 1,000 flights for people returning home for the holidays and a bunch more were delayed. let's go to maria molina live in the weather center. >> thankfully that storm is exiting the northeast, lingering snow showers across maine. we have yet again another storm system that we're tracking across the center of the country and it's kind of disorganized now. you have one area of it. that's just producing snow across parts of the midwest and the great lakes, and then another section of it that's producing rain in areas further south. the snowfall a
>> eric: this is an ohio reporter for good morning, cincinnati, bob herzog, holds dance party friday every week on the extra mile. nome to give traffic updates, but certainly to entertain as well. he's doing a good job. >> kelly: i sense someone is going to pick that up and run with it. >> juliet: oh, yeah. he's all over the internet. i followed him on twitter. all righty. so i'm not going to sing to this because it's a serious story. this is the storm we're talk being that...